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Question
In which of the following situation Companies Act 2013 allows for issue of shares at discount?
Options
Issued to vendors
Issued to public
Issued as sweat equity
None of the above
MCQ
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Solution
Issued as sweat equity
Explanation:
According to Section 53 of the Companies Act, 2013, companies are not allowed to issue shares at a discount, except in one special case – Sweat Equity Shares.
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Chapter 6: Company Accounts - Issue of Shares - OBJECTIVE TYPE QUESTIONS [Page 6.201]
